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Dec 9, 2012
12/12
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chris and sandy's twin boys were just entering high school. when this case is heard, they'll be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true when we had this in the court at the appellate forward nobody came forward because nobody could come up with a justification, compelling reason. you raised it. there's no compelling reason against giving the right to people the right to marriage. >> that's exactly right. important to note in both of these cases, the united states government has refused to defend doma, the federal law before this court. when we filed the case in california, as one has to do, we sued the governor at the time, arnold schwarzenegger and our attorney general at the time, jerry brown, the current governor. both responded by refusing to defend the case and ultimately joined our signed the case and said it was fundamentally and unconstitutional law and they weren't going to defend it. the judge in our case. chief judge von walk
chris and sandy's twin boys were just entering high school. when this case is heard, they'll be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true when we had this in the court at the appellate forward nobody came forward because nobody could come up with a justification, compelling reason. you raised it. there's no compelling reason against giving the right to people the right to marriage....
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Dec 7, 2012
12/12
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governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late october. >>> tea party leader and some say gop king-maker, senator jim demint of south carolina, is stepping down from congress, this happening on january 1st. demint will become head of the heritage foundation. that's a conservative think tank with an $80 million-a-year budget. demint is just two years into a second six-year term, and south carolina governor nikki haley will appoint his successor. >>> so, 2012 was officially the most expensive election in american political history. the final reports show that spending on the campaign broke the $2 billion landmark and milestone in its final weeks, helping set the record. las vegas casino mogul sheldon adelson and his wife poured more than $95 million into super politica
governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late october. >>> tea party leader and some say gop king-maker, senator jim demint of south carolina, is stepping down...
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Dec 7, 2012
12/12
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superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president o
superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the...
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what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of the woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is still pushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street laying people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 2008, unemployment number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, the availability of busine
what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of the woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is still pushing for the president or democrats. well,...
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Dec 7, 2012
12/12
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 8, 2012
12/12
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well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of the country, washington state, a foot is expected to fall. a storm blanketing the midwest. nbc meteorologist dylan has the details. >> reporter: good morning, alex. not too many dry spots across the northern half of the country. it's snowy across michigan right now where most of the cold air is located. elsewhere we are seeing freezing rain in central and northern new england. rain moving through massachusetts right now, sprinkling in new york city. some heavier rain in southern ohio. the big story is the winter weather out through montana, through the dakotas and eventually spreading east into m
well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of...
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Dec 8, 2012
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but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard him say that, and i don't think he will say that. i think he is much too pragmatic for that. >> we talk about chris christie being a sort of standard bearer for bipartisanship largely because of the photo ops around hurricane sandy. but when you look at his political record, he has not been particularly supportive of unions, and hazy been very much criticized by the left for shutting down infrastructure spending. >> i think, you know, he is basically positioning himself for reelection. he has done that pretty well. but let's not forget that george w. bush had popularity
but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard...
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Dec 7, 2012
12/12
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 8, 2012
12/12
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chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california, as one has to do, we sued the governor at the time which was arnold schwarzenegger and our attorney general at the time which was jerry brown, t
chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up...
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Dec 7, 2012
12/12
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. and that much freshness is gonna tak
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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Dec 6, 2012
12/12
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. >> he understands that increased drought, record heat, wildfires, storms like sandy that killed 100 americans did $100 billion worth of damage. put 14 feet of water in lower manhattan. that never happened before. so this president understands this is a threat and we need to do something about it. >> it makes no sense when washington is in a real crisis. >> all of the attention today in washington is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in apr
. >> he understands that increased drought, record heat, wildfires, storms like sandy that killed 100 americans did $100 billion worth of damage. put 14 feet of water in lower manhattan. that never happened before. so this president understands this is a threat and we need to do something about it. >> it makes no sense when washington is in a real crisis. >> all of the attention today in washington is on the looming fiscal cliff. president obama administration is quietly...
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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Dec 8, 2012
12/12
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industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trad
industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells...
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Dec 7, 2012
12/12
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CURRENT
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ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part somewhere else. so they are one of the worst, even worse than wal-mart in terms of what they might have contributed to to. i take it that $24,000,000,000. >> they are avoiding in taxes . >> one little tiny thing, they have had the opportunity over the courses of the years to do things in a much safer way when they manufacture in china and all over the place. >> no. there have been stories about the working conditions in china which is another reason i am glad these jobs are coming here. ruth ruth, you make a good point. i feel good about apple but we also have to change the tax laws so t
ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part...
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Dec 7, 2012
12/12
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. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a seattle macy's had to be hospitalized when an escalator they were riding malfunctioned. >> fire to the end zone. touchdown. >> broncos with their eighth straight win. >> all that -- >> three, two, one! >> my 50th birthday, she gives everybody a car and then she's all, thank you for coming to gayle's birthday! >> we're talking about oprah, right? >> no, of course not. >>> and all that matters. >> s
. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis...
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Dec 7, 2012
12/12
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believer in climate change to understand the ding dangers from extreme weather are already here after sandy, after katrina, after record droughts in the midwest, why aren't we seeing more meaningful action from congress on climate change? well, i got four words for you: charles & david koch conservative brothers with combined net worth of $80,000,000,000, $80,000,000,000 have spent a fortunate to kill climate legislation. they have also funded climate change denial science, and they've waged an all-out attack on clean air laws of the. the top 25 senators who have received the most campaign cash from from, seven sitting here today on the environmental public works committees and big surprise. they are all republicans and they have all voted in favor of oil interests. john barasso, jim inhoff and lamar alexander have voted for fossil fuels 94% of the time. the koch brothers have given $60 million to groups that fund climate denial research including senator jim demint's new home the heritage foundation. right now, halfway across the world in doha qatar, world leaders are meeting for climate t
believer in climate change to understand the ding dangers from extreme weather are already here after sandy, after katrina, after record droughts in the midwest, why aren't we seeing more meaningful action from congress on climate change? well, i got four words for you: charles & david koch conservative brothers with combined net worth of $80,000,000,000, $80,000,000,000 have spent a fortunate to kill climate legislation. they have also funded climate change denial science, and they've...
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Dec 6, 2012
12/12
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forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that what's they are arguing. >> reporter: that's what they are arguing. but the president wants higher tax rates on the rich web's standing firm on that. the republicans are not going to say caved but they agreed to $800 billion in extra tax revenues over 10 years. so yes a tax increase is coming in one form or another. and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in
forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that...
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Dec 7, 2012
12/12
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tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have exp
tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out...
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Dec 10, 2012
12/12
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superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the unemployment rate of 7.7% - it went down a little bit - based on the fact that there were fewer people looking for work, not more people finding work. > > sure. at the end of the day, i think there are really two things, and i harp on these each and every time i come on the show, that are kind of driving unemployment in this country. one, i think there's a structural problem. i don't think the fed is going to be able to have people create more jobs, because there is a problem with a mismatch of skills. there are two articles in friday's wall street journal that kind o
superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the...
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Dec 7, 2012
12/12
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it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new year? that's what we need. well, economists and former speech writer to former prime ministers nixon and ford -- presidents nixon and ford, be
it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full...
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Dec 5, 2012
12/12
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it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boo
it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom:...
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Dec 6, 2012
12/12
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according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my col
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing...
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155
Dec 6, 2012
12/12
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KRCB
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Dec 7, 2012
12/12
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MSNBCW
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chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway visiting a middle class family in the virginia suburbs. the president's message is resonating with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you'
chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to...
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504
Dec 7, 2012
12/12
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WMPT
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i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment rate staying around 7.9%. does that sit right with you. is that what you are seeing? >> probably somewhere around that maybe a little less. one of the problems is it is hard to gauge exactly what the impact of the storm will have. we know it's transitory, it's hard to say exactly how much numerically it will sub tract. if the number comes in lower than that i think a lot of people will say oh, it was probably the effect of the hurricane and they'll wait until the following month to see what kind of a rebound we get. >> let's talk a little bit about what we
i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment...